Day: May 19, 2022

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Saudi Arabia Elected As Representative of Arab Group in ICAO Council

Rabat– The Kingdom of Saudi Arabia unanimously won the ICAO Council’s elections to be a representative of the Arab Group.

This came during the 27th Ordinary General Assembly of the Arab Civil Aviation Organization (ACAO), which was held today in the Moroccan capital, Rabat.

The election of the Kingdom came among the countries that requested candidacy through the Arab Group in the elections of the International Civil Aviation Organization (ICAO), which will take place during the work of the General Assembly, and will be held from September 27 to October 14, 2022 at ICAO’s headquarters in Montreal, Canada.

On this occasion, the Saudi Minister of Transport and Logistics Services and Chairman of the Board of Directors of the General Authority of Civil Aviation, Eng. Saleh bin Nasser Al-Jasser, head of the delegation of the Kingdom of Saudi Arabia to the meeting of the ACAO General Assembly voiced his happiness at the Kingdom’s victory to be represented by the Arab Group in the elections of ICAO Council of the second category.

Source: Saudi Press Agency

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HRH Crown Prince Congratulates President of the Republic of Cameroon on National Day

Jeddah– His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Deputy Prime Minister, has sent a cable of congratulation to President Paul Biya of the Republic of Cameroon on the anniversary of his country’s National Day.

In his cable, HRH the Crown Prince wished the President constant good health and happiness and the government and people of the Republic of Cameroon steady progress and prosperity.

Source: Saudi Press Agency

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Burundi Supports Saudi Arabia’s Bid to Host Expo 2030

Gitega– Minister of Foreign Affairs of the Republic of Burundi Albert Shingiro announced his country’s support for the bid of the Kingdom of Saudi Arabia to host the Expo 2030 in Riyadh.

He explained in a press conference today, after the meeting took place between the Advisor at the Royal Court Ahmed bin Abdulaziz Qattan and President Evariste Ndayishimiye of the Republic of Burundi, that his country supports the Kingdom’s bid to host Expo 2030 in Riyadh.

For his part, Qattan expressed his thanks and appreciation to the Government of the Kingdom of Saudi Arabia for this support.

Source: Saudi Press Agency

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Jeddah Season Introduces Activities of “Japanese Anime Village”, First of its Kind in the World

Jeddah– Japan’s global “Anime Village” events, the first of its kind in the world, attract visitors to the Jeddah season through its dazzling diverse activities, hosted in the “City Walk” area, with an array of shows, events, and various parties which will continue for 45 days, in the presence of Japanese figures and many fans of the famous anime event.

The Anime Village activities include the longest costume parade, cinema shows, DJ Zak, Manga artists, Otaku Hour, and many exciting Japanese shows.

The Jeddah Season management provided the “Anime Village” in City Walk with many facilities and services where the visitor can spend a remarkable journey in the world of art and entertainment with unique Japanese characters. The Japanese corner will receive its visitors with performance bands, Japanese restaurants, anime stores, an anime Labyrinth, and many international anime plays.

A total of 50 award-winning exhibitors in the Japanese anime shows will participate in this showy art, in an exciting and fun-filled atmosphere, distributed over nine diverse entertainment sections, and restaurants and stores where famous anime products will be on display.

Source: Saudi Press Agency

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Asian Shares Fall

Tokyo– Shares dropped sharply in Asia on Thursday, the Associated Press reported.

Shares fell in all regional markets except Indonesia’s. Oil prices were higher.

The Dow Jones Industrial Average sank more than 1,100 points, or 3.6%, and the S&P 500 had its biggest drop in nearly two years Wednesday, shedding 4%. The tech-heavy Nasdaq fell 4.7%.

The Nikkei 225 in Tokyo lost 1.9% to 26,395.81 and the Hang Seng in Hong Kong dropped 2.5% to 20,119.96. In South Korea, the Kospi shed 1.3% to 2,592.32, while Australia’s S&P/ASX 200 gave up 1.7% to 7,062.90.

The Shanghai Composite index edged 0.1% lower to 3.083.20.

On Wednesday, the S&P 500 fell 165.17 points to 3,923.68, while the Dow slid 1,164.52 points to 31,490.07. The Nasdaq slid 566.37 points to 11,418.15.

In other trading, benchmark U.S. crude oil rose 42 cents to $110.01 per barrel in electronic trading on the New York Mercantile Exchange. It dropped $2.81 to $109.59 on Wednesday.

Brent crude, the basis for pricing for international trading, climbed $1.14 to $110.25 per barrel.

The dollar rose to 128.63 Japanese yen from 128.20 yen late Wednesday. The euro strengthened to $1.0490 from $1.0464.

Source: Saudi Press Agency

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Minister of Industry: We seek in Saudi Arabia to manufacture 300,000 cars annually by 2030

Riyadh– Minister of Industry and Mineral Resources and Chairman of Saudi Industrial Development Fund (SIDF) Bandar Al-Khorayef stressed that the car industry file in the Kingdom of Saudi Arabia is among important files that the national strategy for industry has considered due to the fact it is among the complicated industries that contribute to developing the supply chains for several products, noting that the country targets to manufacture more than 300,000 cars annually by 2030.

Al-Khorayef, during a ceremony to lay the foundation stone of Lucid Motors at the King Abdullah Economic City in Rabigh, noted that the Kingdom of Saudi Arabia targets manufacturing cars to cover the local demand and export to the world, stressing that the volume of expenditure on cars in the Kingdom of Saudi Arabia in 2020 reached around SAR 40 billion, while the volume of the Saudi market exceeded more than 500,000 cars annually, which represents 50% of the Gulf market, pointing out that SIDF has offered a funding to establish Lucid factory with a value reaching more than SAR 5 billion.

He said that establishing a new manufacturing facility for Lucid in the Kingdom of Saudi Arabia is in line with Saudi Arabia’s plans aiming at diversifying the economic base, especially developing the industrial sector as part of the Saudi Vision 2030 and National Industrial Development and Logistics Program (NIDLP).

The minister stressed that Lucid’s choosing of the Kingdom of Saudi Arabia as a headquarters for its first factories in the Middle East, which seeks to export more than 85% of its products, highlights the competitiveness of Saudi Arabia and its ability to utilize its potential, such as the distinguished geographical location, ability to connect with several regional and international markets and access to them, the good infrastructure, and quality of services, adding: “We are looking forward to working with the company and other pioneering companies, and at the same time, keep building out global expertise”, counting on the qualitative advantages that Saudi Arabia enjoys, starting from qualitative capabilities in the industrial sector, the ideal infrastructure for several industries, the availability of mineral resources, in addition to having qualified human personnel.

Source: Saudi Press Agency

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Japan Posts Trade Deficit of 839.2 Billion Yen in April

Tokyo– Japan posted a merchandise trade deficit of 839.2 billion yen (6.5 billion dollars) in April, the country’s Ministry of Finance said on Thursday, according to the dpa.

The figures beat expectations for a shortfall of 1,150 billion yen following the 414.1 billion yen deficit in March (revised down from the original 412.4 billion yen deficit).

Exports were up 12.5% on year to 8.076 trillion yen, shy of forecasts for an increase of 13.8% and slowing from 14.7% in the previous month.

Imports jumped an annual 28.2%, missing expectations for a gain of 35.0% and down from 31.2% a month earlier.

Source: Saudi Press Agency

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Saudi Stock Exchange Main Index Ends Trading Lower at 12,427.96 Points

Riyadh– Saudi Stock Exchange’s main index ended trading lower here today, losing 285.42 points to close at 12,427.96 points.

The total value of the trading reported was SAR 8.5 billion, while the toll of shares traded was over 191 million, divided into over 466,000 deals.

The Saudi Parallel Equity Market Index (NOMU) ended the day losing 323.98 points, to close at 22,508.40 points, with a valuation of SAR 30 million and an overall tally of more than 276,000 stocks traded and divided into as many as 1,721 deals.

Source: Saudi Press Agency

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National Competitiveness Center Hosts Saudi-Swedish Meeting on Economic Partnership

Riyadh– The National Competitiveness Center hosted a meeting of representatives of the Ministry of Human Resources and Social Development, the Local Content and Government Procurement Authority, the Zakat, Tax and Customs Authority, and the Public Investment Fund, with a delegation of the Swedish business network in Saudi Arabia, led by Swedish Ambassador to Saudi Arabia Niclas Trouvé, in the presence of Deputy Minister of Commerce and CEO of the National Competitiveness Center Dr. Iman Al-Mutairi.

The participants reviewed their roles in improving and facilitating business practice, in addition to promising opportunities in Saudi Arabia, and strengthening the economic and trade partnership between the two countries, especially in sectors that contribute to diversifying the sources of the national economy and support its competitiveness regionally and globally, in line with the plans and objectives of the Kingdom Vision 2030.

Source: Saudi Press Agency

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Royal Commission for Riyadh Announces Opening of Singaporean One World International School

Riyadh- The Royal Commission for Riyadh (RCR) today announced the opening of the Singaporean One World International School (OWIS), one of the prestigious schools of the Singaporean Global Schools Foundation (GSF), in Riyadh as part of a program to attract international schools, which is affiliated with RCR that seeks to attract prestigious international schools to the capital in partnership with the ministries of investment and education.

International schools will contribute to creating a diversified educational system and offering globally accredited educational curricula and systems, in addition to adopting the best experience-based practices. The program to attract international schools is part of a broader program to attract regional headquarters of international companies, which aims at stimulating international companies to open regional headquarters in the Kingdom of Saudi Arabia, where 44 international companies have received licenses to open their regional headquarters in Riyadh.

Head of the educational sector at RCR Eng. Mazen Tamar said: “Attracting prestigious international schools, such as OWIS is an extension of efforts to activate an educational system with an international level to improve the educational opportunities for residents in Riyadh”.

GSF Chairman Atul Temurnikar said: “OWIS is based on its full belief of comprehensive education to empower the next generation and acquainting them with a broader vision, where the school has sought to develop its educational approach to meet the needs of the age, and is committed to offering a qualitative education in Riyadh and will offer students a profound educational bases to enable them to excel globally in the future”.

Source: Saudi Press Agency

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British Royal College of Defence Studies Delegation Visits IMCTC

Riyadh– Islamic Military Counter Terrorism Coalition (IMCTC) received today, at its headquarters in Riyadh, a delegation from the British Royal College of Defense Studies.

The delegation was briefed on IMCTC’s efforts in combating terrorism and its role in countering extremist ideology and coordinating all efforts to confront terrorist ideologies through intellectual and media initiatives and combating terrorist financing, in addition to the IMCTC efforts in coordinating and intensifying the efforts of the member states of the coalition.

The visiting delegation also toured IMCTC headquarters where they were briefed on the most important publications concerned with the various fields of combating terrorism. The visitors also were informed of the latest developments related to terrorist groups and events around the world, and the monitoring and follow-up efforts of IMCTC.

Source: Saudi Press Agency